CBA General Issues

Items about the Consumer Bankers Association and its initiatives, including CBA Advanced Education, CBA LIVE, CBA Team news and more.

  • October 31, 2017
    On Tuesday, October 31, 2017, the OCC issued a bulletin regarding the "Subsidiaries and Equity Investments" booklet of the Comptroller’s Licensing Manual. This booklet revises the “Investment in Subsidiaries and Equities” booklet issued in July 2008. This revised booklet updates procedures and requirements to reflect the integration of the functions of the Office of Thrift Supervision into the...
  • October 31, 2017
    On Tuesday, October 31, 2017, the OCC issued a bulletin updating its policies and procedures regarding bank enforcement actions and related matters. This policy is effective on December 1, 2017. The updates are reflected in the “Bank Supervision Process,” “Community Bank Supervision,” “Federal Branches and Agencies Supervision,” and “Large Bank Supervision” booklets of the Comptroller’s Handbook...
  • October 30, 2017
    On Monday, October 30, 2017, the OCC, the Board of Governors of the Federal Reserve, and the FDIC issued a bulletin seeking comment on a proposed rule to simplify certain aspects of the capital rule. The majority of the proposed simplifications would apply solely to banking organizations not subject to the advanced approaches capital rule (the advanced approaches capital rule generally applies to...
  • October 27, 2017
    On Friday, October 27, 2017, the OCC announced it is seeking comment on a notice of proposed rulemaking amending the its Annual Stress Test rule. The proposal would make several technical revisions to the stress testing regulation, including Changing the range of possible “as-of” dates used in the global market shock component of the annual stress tests to conform with rule revisions recently...
  • October 27, 2017
    On Friday, October 27, 2017, the FDIC released a list of orders of administrative enforcement actions taken against banks and individuals in September. The FDIC issued a total of 23 orders, including one order issued in August, and one notice. The administrative enforcement actions in those orders consisted of eight consent orders; five Section 19 orders; one civil money penalty; three...
  • October 27, 2017
    Thoughts on Senate Vote Repealing CFPB’s Arbitration Rule With a deciding vote by Vice President Mike Pence, the Senate passed a resolution overturning the CFPB’s arbitration rule by a vote of 51 to 50. Overturning the CFPB’s arbitration rule ensures consumers retain the tools they need to receive relief without going through long, drawn-out, costly court proceedings – where no one benefits...
  • October 23, 2017
    On Monday, October 23, 2017, the OCC, Board of Governors of the Federal Reserve and the FDIC released answers to frequently asked questions regarding the liquidity coverage ratio (LCR) rule. These FAQs are the interpretations of the rule by of the agencies’ staff based on the facts and circumstances presented. These FAQs are not official rules or regulations. The OCC plans to compile additional...
  • October 20, 2017
    On Friday, October 20, 2017, the OCC issued a bulletin informing national banks, federal savings associations, and federal branches and agencies of foreign banks of the principles they should follow to prudently manage the risks associated with offering new, modified, or expanded products and services. New activities should be developed and implemented consistently with sound risk management...
  • October 19, 2017
    On Thursday, October 19, 2017, the FDIC issued a press release announcing several personnel changes. Chief Information Officer Howard Whyte has more than 20 years of information technology and security experience in the federal government, military, and private sector. Office of Complex Financial Institutions Director Ricardo Delfin has served as deputy director of the Resolution Policy Branch in...

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